EBRD Grants Up To €20 Million Loan To Microinvest To Boost MSME Financing, Green Transition Goals And Strengthen Moldova’s Private Sector Amid Regional Pressures

The European Bank for Reconstruction and Development (EBRD) is extending a senior multi-currency loan of up to €20 million equivalent to Microinvest LLC, the largest non-bank lending institution in Moldova. This financing will be used by Microinvest to provide loans to local micro, small, and medium-sized enterprises, helping strengthen Moldova’s private sector and support the country’s economic growth.

The investment falls under the EBRD’s Financial Intermediaries Framework, which is designed to help financial institutions access more stable funding sources and increase their lending capacity. Through this project, Microinvest will be able to diversify where its funding comes from, lengthen the maturity of its financial obligations, and significantly expand its lending to MSMEs beyond the amount contributed by the EBRD. The plan also emphasises reaching more regions and bringing new clients into the financial system, addressing ongoing gaps in Moldova’s financial sector.

This support will enhance the competitiveness and resilience of Microinvest, which recently became part of Victoriabank following its acquisition. With more than 22 years of experience, Microinvest is already an important part of Moldova’s financial market. It provides customised financial products to small businesses, farmers, and individual customers, helping drive economic activity and support social development across the country. With increased access to capital and continued emphasis on portfolio quality, the institution will play an even stronger role in building a more inclusive and durable financial system.

Microinvest is widely recognised as a leading financial institution in Moldova. It holds around 40 per cent of the market share among non-bank financial institutions and is ranked fifth in the country when compared to both banks and NBFIs in terms of loan portfolio size. By the third quarter of 2025, the company reported total assets of €392 million, demonstrating both its financial strength and its ability to create meaningful impact. Its sole associate, Victoriabank, is one of Moldova’s major commercial banks and the third largest in the country.

This investment reaffirms the EBRD’s long-standing commitment to supporting Moldova’s private sector, strengthening the financial market, and advancing the country’s green transition. It also highlights the Bank’s broader effort to help Moldova remain resilient in the face of regional instability. The EBRD is the largest institutional investor in Moldova. Since the beginning of Russia’s full-scale invasion of neighbouring Ukraine, the Bank has provided €1.7 billion to help mitigate the economic pressures the conflict has placed on Moldova. In total, the EBRD has invested nearly €2.9 billion across 188 projects in the country, with around 40 per cent of its portfolio focused on sustainable infrastructure.